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zerpian

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  1. Confused
    zerpian got a reaction from bruce21b in Staking XRP   
    Ok, why would this not be possible?
    Ripple has a huge pile of xrp to distribute (to sell). This will take several years (ages) and creates a tax burden.
    The escrow is missing its purpose. It was meant to assure the markets that Ripple would not dump xrp. I have never had any concerns about this and technically they still can dump a huge amount if wanted. There are about 6,7 B undistributed and non-escrowed XRP’s. Secondly, the distribution predictability was based on an assumption that half of the escrow (500M) would be sold. We’re not even close to that figure, despite an excellent 2018 in terms of sales, we’re at 166M per month on average.
    Staking is actually nothing more than accruing interests on a currency. XRP whether you call it bridge-currency, crypto-..it’s a currency. Is it then abnormal to get interests on a currency you hold?
    We know from the past Ripple tried different strategies to distribute xrp and is thus admissible for such ideas. We also know that Ripple changed a few times of strategy regarding xrp. There is nothing wrong with this because they are pioneers in uncharted territories.
    Practically this could be done by distributing interests proportionally to the holdings in a wallet (excluding some wallets), but in the reverse order. The wallets with lesser amounts get higher percentage. A secondary condition can be added like ‘holding at least 6 months’. It can start as a pilot project on e.g. 1000 wallets to see the effects.
    Remember that xrp is not Ripple’s propriety but belongs to all of those having a ‘stake’ in the ecosystem. If we can get behind this idea, we can push it like the community did for a new logo.
    The next hurdle is going to be regulation. When that is resolved, there is nothing going to stand in front. In preparation for those years, let’s accelerate xrp’s distribution. In the last bear market (2013-2017) Ripple did not much for xrp e.g Coinbase has been in the market since 2012. Why has it suddenly become important in 2017. Another example, Ripple could have insisted to list xrp as base currency on several exchanges during the bear market. So let’s not miss THIS bear market.   
  2. Like
    zerpian got a reaction from XRP_Legacy in Staking XRP   
    Ok, why would this not be possible?
    Ripple has a huge pile of xrp to distribute (to sell). This will take several years (ages) and creates a tax burden.
    The escrow is missing its purpose. It was meant to assure the markets that Ripple would not dump xrp. I have never had any concerns about this and technically they still can dump a huge amount if wanted. There are about 6,7 B undistributed and non-escrowed XRP’s. Secondly, the distribution predictability was based on an assumption that half of the escrow (500M) would be sold. We’re not even close to that figure, despite an excellent 2018 in terms of sales, we’re at 166M per month on average.
    Staking is actually nothing more than accruing interests on a currency. XRP whether you call it bridge-currency, crypto-..it’s a currency. Is it then abnormal to get interests on a currency you hold?
    We know from the past Ripple tried different strategies to distribute xrp and is thus admissible for such ideas. We also know that Ripple changed a few times of strategy regarding xrp. There is nothing wrong with this because they are pioneers in uncharted territories.
    Practically this could be done by distributing interests proportionally to the holdings in a wallet (excluding some wallets), but in the reverse order. The wallets with lesser amounts get higher percentage. A secondary condition can be added like ‘holding at least 6 months’. It can start as a pilot project on e.g. 1000 wallets to see the effects.
    Remember that xrp is not Ripple’s propriety but belongs to all of those having a ‘stake’ in the ecosystem. If we can get behind this idea, we can push it like the community did for a new logo.
    The next hurdle is going to be regulation. When that is resolved, there is nothing going to stand in front. In preparation for those years, let’s accelerate xrp’s distribution. In the last bear market (2013-2017) Ripple did not much for xrp e.g Coinbase has been in the market since 2012. Why has it suddenly become important in 2017. Another example, Ripple could have insisted to list xrp as base currency on several exchanges during the bear market. So let’s not miss THIS bear market.   
  3. Confused
    zerpian got a reaction from Cesar1810 in Staking XRP   
    Ok, why would this not be possible?
    Ripple has a huge pile of xrp to distribute (to sell). This will take several years (ages) and creates a tax burden.
    The escrow is missing its purpose. It was meant to assure the markets that Ripple would not dump xrp. I have never had any concerns about this and technically they still can dump a huge amount if wanted. There are about 6,7 B undistributed and non-escrowed XRP’s. Secondly, the distribution predictability was based on an assumption that half of the escrow (500M) would be sold. We’re not even close to that figure, despite an excellent 2018 in terms of sales, we’re at 166M per month on average.
    Staking is actually nothing more than accruing interests on a currency. XRP whether you call it bridge-currency, crypto-..it’s a currency. Is it then abnormal to get interests on a currency you hold?
    We know from the past Ripple tried different strategies to distribute xrp and is thus admissible for such ideas. We also know that Ripple changed a few times of strategy regarding xrp. There is nothing wrong with this because they are pioneers in uncharted territories.
    Practically this could be done by distributing interests proportionally to the holdings in a wallet (excluding some wallets), but in the reverse order. The wallets with lesser amounts get higher percentage. A secondary condition can be added like ‘holding at least 6 months’. It can start as a pilot project on e.g. 1000 wallets to see the effects.
    Remember that xrp is not Ripple’s propriety but belongs to all of those having a ‘stake’ in the ecosystem. If we can get behind this idea, we can push it like the community did for a new logo.
    The next hurdle is going to be regulation. When that is resolved, there is nothing going to stand in front. In preparation for those years, let’s accelerate xrp’s distribution. In the last bear market (2013-2017) Ripple did not much for xrp e.g Coinbase has been in the market since 2012. Why has it suddenly become important in 2017. Another example, Ripple could have insisted to list xrp as base currency on several exchanges during the bear market. So let’s not miss THIS bear market.   
  4. Confused
    zerpian got a reaction from QuantumOfSolace in Staking XRP   
    Ok, why would this not be possible?
    Ripple has a huge pile of xrp to distribute (to sell). This will take several years (ages) and creates a tax burden.
    The escrow is missing its purpose. It was meant to assure the markets that Ripple would not dump xrp. I have never had any concerns about this and technically they still can dump a huge amount if wanted. There are about 6,7 B undistributed and non-escrowed XRP’s. Secondly, the distribution predictability was based on an assumption that half of the escrow (500M) would be sold. We’re not even close to that figure, despite an excellent 2018 in terms of sales, we’re at 166M per month on average.
    Staking is actually nothing more than accruing interests on a currency. XRP whether you call it bridge-currency, crypto-..it’s a currency. Is it then abnormal to get interests on a currency you hold?
    We know from the past Ripple tried different strategies to distribute xrp and is thus admissible for such ideas. We also know that Ripple changed a few times of strategy regarding xrp. There is nothing wrong with this because they are pioneers in uncharted territories.
    Practically this could be done by distributing interests proportionally to the holdings in a wallet (excluding some wallets), but in the reverse order. The wallets with lesser amounts get higher percentage. A secondary condition can be added like ‘holding at least 6 months’. It can start as a pilot project on e.g. 1000 wallets to see the effects.
    Remember that xrp is not Ripple’s propriety but belongs to all of those having a ‘stake’ in the ecosystem. If we can get behind this idea, we can push it like the community did for a new logo.
    The next hurdle is going to be regulation. When that is resolved, there is nothing going to stand in front. In preparation for those years, let’s accelerate xrp’s distribution. In the last bear market (2013-2017) Ripple did not much for xrp e.g Coinbase has been in the market since 2012. Why has it suddenly become important in 2017. Another example, Ripple could have insisted to list xrp as base currency on several exchanges during the bear market. So let’s not miss THIS bear market.   
  5. Like
    zerpian got a reaction from mathesmith in Q3/2018 SBIVC started OTC, xrp's institutional sales boomed   
    As mentioned in the title, I don't think it's a coincidence the increase in sales falls in the same quarter as SBIVC starting its operations.
    Also it gives us a glimpse of what SBIVC is capable of when ready for retail ("blink of an eye") and more generally when regulated (and thrustworthy) institutions will launch a product. Looking forward to Bakkt and SBIVC for retail.
  6. Like
    zerpian got a reaction from automatic in Q3/2018 SBIVC started OTC, xrp's institutional sales boomed   
    As mentioned in the title, I don't think it's a coincidence the increase in sales falls in the same quarter as SBIVC starting its operations.
    Also it gives us a glimpse of what SBIVC is capable of when ready for retail ("blink of an eye") and more generally when regulated (and thrustworthy) institutions will launch a product. Looking forward to Bakkt and SBIVC for retail.
  7. Like
    zerpian got a reaction from lucky in SEC Decision XRp Security any News ?   
    Related tweet:
    https://twitter.com/LeoHadjiloizou/status/1034349647937134592?s=19
     


     
  8. Thanks
    zerpian reacted to Chris_Reeves in I'm a member of the Association for Financial Professionals and I just got this email...   
    Hi Christopher,
     
    Interested in how you can reduce your cross-border payments inefficiencies? Then download the new AFP Payments Guide, underwritten by MUFG Union Bank.
     
    In this guide you’ll learn:
    • About some of the prominent systems in cross-border payments
    • How to determine if you should consider a new payments system
    • The pros and the cons of new technology available in the payments space
     
    Efficiency, transparency and optimization should be your top concerns when it comes to cross-border payments. While new technologies can help in these facets, no one system is perfect for everyone. Find out what is best for you and your organization in this new guide.
    You must sign up to download the full white-paper and I'm unable to attach PDFs so I've taken some screenshots to assist.
     
    https://www.afponline.org/publications-data-tools/reports/guides/afp-payments/Detail/2018paymentsguide-crossborder-final/?utm_source=internal_email&utm_medium=email&utm_campaign=payg18crossboarderpayments&_zs=SbNuW&_zl=4KSL1
     

  9. Like
    zerpian got a reaction from quetzalcoatl in Met a SWIFT employee today   
    They might move IOU's but they don't have a counterparty risk free asset like xrp, for which Ripple has been trying to build liquidity for and in which it succeeded to a certain extent.
    That's a big if.
  10. Haha
    zerpian got a reaction from SanHolo in Met a SWIFT employee today   
    Sorry, fixed it. It was obviously OP's quote.
  11. Like
    zerpian got a reaction from ImTheRippler in Met a SWIFT employee today   
    They might move IOU's but they don't have a counterparty risk free asset like xrp, for which Ripple has been trying to build liquidity for and in which it succeeded to a certain extent.
    That's a big if.
  12. Like
    zerpian reacted to JCCollins in Globalization 2.0 with XRP   
    This is a big subject to cover for my new XRP Community Blog article. The ramifications of this technology will impact all spheres of human existence. This is a little-explored area which will require a lot more attention.
    Globalization 2.0 with XRP - Elements of the Philosophy of Decentralization 
    https://xrpcommunity.blog/globalization-2-0-with-xrp/
    Great way to spend a Saturday.  Hope everyone enjoys reading it as much as I enjoyed writing it.  
    Keep HOLDing everyone.  The world changes in the blink of an eye.

  13. Like
    zerpian got a reaction from Toroth in BearWhale research   
    This might be plausible, as Ripple invested an undisclosed amount of xrp in Omni 
    https://techcrunch.com/2018/01/16/ripple-turns-investor-omni/
     
  14. Like
    zerpian got a reaction from Talinos in BearWhale research   
    This might be plausible, as Ripple invested an undisclosed amount of xrp in Omni 
    https://techcrunch.com/2018/01/16/ripple-turns-investor-omni/
     
  15. Thanks
    zerpian reacted to Silkjaer in BearWhale research   
    I have been digging deeper into the "BearWhale" (BW) and have made some discoveries along the way.
    Using the public Ripple data API I extracted all payments made to the BW's active known 3 exchange users:
    - Bitfinex, destination tag 2920435242
    - Bitstamp, destination tag 16251624
    - Bitstamp, destination tag 73428056
    The sum of all the transfers is 1.340.880.214, a few hundred millions(!) more than we expected the total funds to be.

    These are the distinct wallets that have been funding the 3 exchange accounts. Amounting in 58 unique wallets in total!

    I plotted the payments by date, and to my surprise there was a lot of movement before the "selloff" started in early 2018:

    So the assumptions that the total amount of holdings are 1.08B is not the case. The web is widening.
    So where did it start?
    By looking at the wallets of the first payments made, there is 5 standing out:
    rfeZ93nX7m4mWYTMUm3vJZD73HoKwDxryJ (October 2017)
    - This wallet was activated by Changelly, directly funded by next wallet (rGiUzrwbW3SDQ5VRUQjB8ATDGs11iGUTM7)
    rGiUzrwbW3SDQ5VRUQjB8ATDGs11iGUTM7 (November 2017)
    - This wallet was activated by Changelly, directly funded by ~FundingWallet1 (Activated by Chris Larsen)
    rpiWoLNdX6KLrM66Hzp71gLc6vwYVgXVXL (December 2017)
    - This wallet was activated by r4ZTx8Kqh2sAxD3yZVovBpuxmywwb3we8W, that was activated by Dave Chapman. This wallet is largely funded by hashes.org (rUjxty1WWLwX1evhKf3C2XNZDMcXEZ9ToJ)
    rUrPTjbLkTpkJs5UWttMxadww6YrMUhGJy (December 2017)
    - This wallet was activated by ~tmcleod (Trent McLeod?), directly funded by ~FundingWallet1 (Activated by Chris Larsen)
    rMYYUjFAxqkyKzyXkYNG2K5H7pESUri4t3 (December 2017)
    - This wallet was activated by Hashes, and is largely funded by hashes.org (rUjxty1WWLwX1evhKf3C2XNZDMcXEZ9ToJ)
    I see a pattern especially between ~FundingWallet1 (Activated by Chris Larsen) and Hashes.org (Activated by ~dangermoose). Two other interesting names popping up is tmcleod and Dave Chapman (Octagon Strategy).
    How/why/when did hashes.org get access to these kinds of funds and who is "dangermoose"? I think that this is the key entity behind the selloffs we have seen since the beginning of the year.
     
    https://www.xrptipbot.com/u:Silkjaer/n:twitter
  16. Like
    zerpian got a reaction from wiredless1 in Fair XRP - XLM comparison   
    Good question, I' ve never thought myself about this. That's because I find it unethical to define others being (non)- qualitative. How are you gonna define quality? Is a holder a more qualitative user then a day trader? Notice that both add value to the network..or one with a wallet with 100 xrp vs. someone with 1m.
    According to your definition of quality, you can find imo metrics such as wallet holdings, last transaction for a wallet etc..
    In the end I don't think 'quality' matters, as long as the network grows, whose users add differentiated value according to their profile..
    However there is another difference with other coins. Creating a wallet costs 20 xrp vs free wallets. So the wallet metric is a better approximative for real network users then say XLM, BTC,ETH ( wallets are free)
  17. Like
    zerpian got a reaction from tulo in Fair XRP - XLM comparison   
    An important metric for user driven networks: # of accounts
    XLM: 788k
    https://stellar.expert/explorer/public/
    XRPL: 1.3M
    https://xrpcharts.ripple.com/#/accounts
    Also important for the reserved amount per wallet.
  18. Thanks
    zerpian reacted to devnullprod in Wipple XRP Report: Week of 2018-05-07   
    Wipple XRP Report: Week of 2018-05-07
    Generated using the Wipple XRP Analysis Framework (donations are appreciated, see the report for how to contribute!)
  19. Like
    zerpian got a reaction from Sebastian in A Former Top Wall Street Regulator Turns to the Blockchain   
    This is how I see it…
    Ripple, more specifically the subsidiary XRP-II, has already been regulated as a MSB. Do not forget that Ripple was the only company in the space being fined for USD 700k. Now, looking backwards it was the best thing to occur because it took away the uncertainty .
    Since then the subsidiary XRP-II has been registered as ‘Money Transmitter’.
    If we assume XRP is a security, then why didn’t Fincen charge Ripple initially for not being registered with SEC?
    I'm not a lawyer but the case is simple and clear: xrp is not a security as btw Cory Johnson stated.
     
     
  20. Like
    zerpian got a reaction from Member278576 in A Former Top Wall Street Regulator Turns to the Blockchain   
    This is how I see it…
    Ripple, more specifically the subsidiary XRP-II, has already been regulated as a MSB. Do not forget that Ripple was the only company in the space being fined for USD 700k. Now, looking backwards it was the best thing to occur because it took away the uncertainty .
    Since then the subsidiary XRP-II has been registered as ‘Money Transmitter’.
    If we assume XRP is a security, then why didn’t Fincen charge Ripple initially for not being registered with SEC?
    I'm not a lawyer but the case is simple and clear: xrp is not a security as btw Cory Johnson stated.
     
     
  21. Like
    zerpian got a reaction from Tripple in A Former Top Wall Street Regulator Turns to the Blockchain   
    This is how I see it…
    Ripple, more specifically the subsidiary XRP-II, has already been regulated as a MSB. Do not forget that Ripple was the only company in the space being fined for USD 700k. Now, looking backwards it was the best thing to occur because it took away the uncertainty .
    Since then the subsidiary XRP-II has been registered as ‘Money Transmitter’.
    If we assume XRP is a security, then why didn’t Fincen charge Ripple initially for not being registered with SEC?
    I'm not a lawyer but the case is simple and clear: xrp is not a security as btw Cory Johnson stated.
     
     
  22. Like
    zerpian got a reaction from Mrsrippley in A Former Top Wall Street Regulator Turns to the Blockchain   
    This is how I see it…
    Ripple, more specifically the subsidiary XRP-II, has already been regulated as a MSB. Do not forget that Ripple was the only company in the space being fined for USD 700k. Now, looking backwards it was the best thing to occur because it took away the uncertainty .
    Since then the subsidiary XRP-II has been registered as ‘Money Transmitter’.
    If we assume XRP is a security, then why didn’t Fincen charge Ripple initially for not being registered with SEC?
    I'm not a lawyer but the case is simple and clear: xrp is not a security as btw Cory Johnson stated.
     
     
  23. Like
    zerpian got a reaction from xrphilosophy in A Former Top Wall Street Regulator Turns to the Blockchain   
    This is how I see it…
    Ripple, more specifically the subsidiary XRP-II, has already been regulated as a MSB. Do not forget that Ripple was the only company in the space being fined for USD 700k. Now, looking backwards it was the best thing to occur because it took away the uncertainty .
    Since then the subsidiary XRP-II has been registered as ‘Money Transmitter’.
    If we assume XRP is a security, then why didn’t Fincen charge Ripple initially for not being registered with SEC?
    I'm not a lawyer but the case is simple and clear: xrp is not a security as btw Cory Johnson stated.
     
     
  24. Like
    zerpian got a reaction from OzAlphaWolf in A Former Top Wall Street Regulator Turns to the Blockchain   
    This is how I see it…
    Ripple, more specifically the subsidiary XRP-II, has already been regulated as a MSB. Do not forget that Ripple was the only company in the space being fined for USD 700k. Now, looking backwards it was the best thing to occur because it took away the uncertainty .
    Since then the subsidiary XRP-II has been registered as ‘Money Transmitter’.
    If we assume XRP is a security, then why didn’t Fincen charge Ripple initially for not being registered with SEC?
    I'm not a lawyer but the case is simple and clear: xrp is not a security as btw Cory Johnson stated.
     
     
  25. Thanks
    zerpian reacted to tulo in Could Ripple fit Islamic countries better as well?   
    My passport says I'm from the most catholic of the countries, but I'm civis mundi. I don't believe in borders.
    I have Muslim friends, Buddhist friends, agnostic friends, atheist friends, gay friends, transexual friends, ethero friends....overall we are people, not religions or countries. If the randomness wanted a person to be born in a muslim country it is not their fault.
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